USDJPY Daily Forecast: May 09 2016

The USDJPY was indecisive last week. Price attempted to push higher but still unable to make a clear break above 107.60 key intraday resistance so far. The bias is neutral in nearest term probably with a little bullish bias testing 107.60. A clear break and daily close above 107.60 could trigger further bullish pullback testing 109.00 area. Immediate support is seen around 107.00. A clear break below that area could trigger further bearish pressure testing 106.50 area.